Twitter (TWTR) Stock Rating Upgraded by Vetr

Vetr upgraded shares of Twitter (NYSE:TWTR) from a buy rating to a strong-buy rating in a report released on Tuesday, January 2nd. The brokerage currently has $27.13 price target on the social networking company’s stock.

Other analysts have also issued reports about the stock. BidaskClub raised shares of Twitter from a hold rating to a buy rating in a research report on Tuesday, October 17th. Goldman Sachs Group set a $26.00 price target on shares of Twitter and gave the company a buy rating in a research report on Friday, October 27th. Argus raised shares of Twitter from a hold rating to a buy rating and increased their price target for the company from $19.71 to $25.00 in a research report on Friday, November 3rd. Summit Redstone started coverage on shares of Twitter in a research report on Monday, December 18th. They set a buy rating and a $26.00 price target for the company. Finally, Canaccord Genuity reaffirmed a hold rating and issued a $15.00 price objective on shares of Twitter in a research report on Friday, October 20th. Twelve research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Twitter currently has a consensus rating of Hold and an average target price of $18.68.

Twitter (TWTR) traded up $0.10 during trading hours on Tuesday, reaching $24.35. 11,639,910 shares of the company were exchanged, compared to its average volume of 14,151,401. Twitter has a 52 week low of $14.12 and a 52 week high of $25.56. The stock has a market capitalization of $18,090.00, a price-to-earnings ratio of -47.75, a PEG ratio of 11.70 and a beta of 1.11. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. sell-side analysts predict that Twitter will post 0.02 EPS for the current fiscal year.

In other news, Director Evan Clark Williams sold 18,347 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $24.27, for a total transaction of $445,281.69. Following the sale, the director now owns 2,328,359 shares of the company’s stock, valued at approximately $56,509,272.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 1,186 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.44, for a total transaction of $28,985.84. The disclosure for this sale can be found here. Insiders have sold a total of 5,317,365 shares of company stock worth $113,170,704 in the last ninety days. Corporate insiders own 9.18% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its stake in Twitter by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock valued at $340,000 after acquiring an additional 422 shares during the period. Comerica Bank grew its stake in Twitter by 1.8% in the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after acquiring an additional 489 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in Twitter by 3.4% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 24,015 shares of the social networking company’s stock valued at $429,000 after acquiring an additional 800 shares during the period. D.A. Davidson & CO. grew its stake in Twitter by 0.5% in the 2nd quarter. D.A. Davidson & CO. now owns 177,086 shares of the social networking company’s stock valued at $3,164,000 after acquiring an additional 885 shares during the period. Finally, Private Advisor Group LLC grew its stake in Twitter by 2.1% in the 2nd quarter. Private Advisor Group LLC now owns 55,739 shares of the social networking company’s stock valued at $1,008,000 after acquiring an additional 1,162 shares during the period. 50.69% of the stock is currently owned by hedge funds and other institutional investors.

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Twitter Company Profile

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Twitter (NYSE:TWTR)

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